Friday Night Opinions @ 11:45 PM CST - 12/04/2020

[ronscarpa]

Good Morning DV, here's a few opinions & comments that might be of interest to you. Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. RON

 

 

*** MilitiaMan   Article:  "An economist calls for deleting the three zeros from the dinar to strengthen the local currency."  Quote: "He added: The monetary mass can become approximately 15 to 25 trillion (billion?) dinars and the value of the new dinar converges to the value of the dollar, which facilitates the process of calculation and allows small and new denominations of cash to appear in the money market."  The economist in the above seems to b suggesting a new dinar is to be the value of the dollar... If that is not leakage I don't know what is. There are people on the ground in Iraq talking about the exchange rate change that is coming.  This is evidence of it too.  We know they printed a new issue of currency from the CBI site, imo. They spent money and large sums of money on it.  To adjust to or converge to the value of the dollar, they will have a need for the new issue...
 

 

*** Delta   This is the first time I see coordination between the parliament, the government and the CBI.  For the first time ever you see parliament asking the CBI to delete the 3 zeros and make the currency stronger. We've never had this before.  This is good news because everyone is lining up with everything...

 

*** Footforward   [When does the 2021 budget start?]  they are trying to vote on it this Saturday. It would come into effect April 1, 2021...But I've always felt the budget doesn't matter...
 

 

That's all for today ... Blessings ... RON

[yendor]

*** Footforward   [When does the 2021 budget start?]  they are trying to vote on it this Saturday. It would come into effect April 1, 2021...But I've always felt the budget doesn't matter...

 

 

Keep pushing the goal line back........................